Gulf Marine Services PLC (LON:GMS - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 16.69 ($0.21) and traded as high as GBX 18.65 ($0.24). Gulf Marine Services shares last traded at GBX 18.60 ($0.23), with a volume of 1,397,147 shares.
Gulf Marine Services Price Performance
The business's fifty day moving average price is GBX 16.86 and its 200 day moving average price is GBX 16.80. The company has a debt-to-equity ratio of 72.38, a current ratio of 0.16 and a quick ratio of 0.80. The stock has a market cap of £241.57 million, a P/E ratio of 6.29 and a beta of 1.90.
Insider Activity at Gulf Marine Services
In other news, insider Charbel El Khoury bought 13,455 shares of the company's stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,544.12). 51.56% of the stock is owned by insiders.
About Gulf Marine Services
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Gulf Marine Services PLC was founded in Abu Dhabi in 1977 and has become a world leading provider of advanced self-propelled self-elevating support vessels (SESVs). The fleet serves the oil, gas and renewable energy industries from its offices in the United Arab Emirates, Saudi Arabia and Qatar. The Group's assets are capable of serving clients' requirements across the globe, including those in the Middle East, South East Asia, West Africa, North America, the Gulf of Mexico and Europe.
The GMS fleet of 13 SESVs is amongst the youngest in the industry, with an average age of eight years.
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